Mon.Jun 15, 2020

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Conversational Marketing: Old School Meets New School

Perficient

Why Is Everyone Talking about Conversational Marketing? Conversational Marketing, a term originally coined by the company Drift , has taken on many forms and definitions over the past few years. If you ask five professional marketers the definition and what ‘makes up’ conversational marketing, you may get five different understandings. Is it a variation of personalization?

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When is it safe to stop staying in?

Chris Skinner

Sitting at home, as usual, and thinking about life, I realised that my blogs were becoming far more personal and revealing than usual. I don’t post a lot of them, as I think they are too personal and revealing, but it made me realise that this crisis and lockdown has … The post When is it safe to stop staying in? appeared first on Chris Skinner's blog.

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How to restore Hyperion Financial Reports formatting using xdo.cfg

Perficient

After an upgrade and migration of Hyperion Financial reports from an older to a later version, the reports may lose requisite format characteristics such as bold and italics. A quick way to restore such formatting is editing xdo.cfg to include Arial fonts in a few steps: Copy C:WindowsFontsArial to E:OracleMiddleware jdk160_35jrelibfonts. Save a copy of xdo.cfg in E:OracleMiddleware user_projectsepmsystem1FinancialReportinglibFOProcessorxdo.cfg.

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Things worth reading: 16th June 2020

Chris Skinner

Things we’re reading today include … Metro Bank in talks to buy peer-to-peer lender Ratesetter Amazon And Goldman Sachs: A Small Business Lending Wake-Up Call For Banks Light on tech, heavy on banks — has Warren Buffett lost his touch? Facebook launches WhatsApp digital payment service Amazon v EU: Has … The post Things worth reading: 16th June 2020 appeared first on Chris Skinner's blog.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Reasons Behind CTMS Migrations Vary But Same Considerations Apply

Perficient

On June 24, 2020, Param Singh, Perficient’s director of clinical trial operations solutions, will host a webinar on clinical trial management system (CTMS) migrations. He’ll explore the various reasons companies decide to migrate to new solutions and the different methods of migrating legacy data. As you might expect, the bulk of the CTMS work we see revolves around migrations compared to new implementations.

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More Trending

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10 Resource Saving Tactics While Finalizing PPPFA Workflow

South State Correspondent

This week is the first week banks could potentially take Paycheck Protection Program Forgiveness applications. However, most banks are holding off as we do not have a final application, due out this week. WHEN you release your process merits some analysis, and in this article, we discuss 10 important considerations to decide on as you finalize your process. .

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Visa, Facebook Link Up For Payments On WhatsApp

PYMNTS

Visa is working with Facebook so that consumers can fully use the new payments feature on WhatsApp in Brazil, the global digital payments giant announced on Monday (June 15). “As digital becomes the epicenter of daily life during the global pandemic, being able to move money in real-time is increasingly critical for consumers and businesses,” said Jack Forestell, Visa’s chief product officer, in a statement.

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Could OCC's payments charter face the same fate as its fintech charter?

Payments Source

The Office of the Comptroller of the Currency has endured a fairly choppy legal ride since unveiling its idea five years ago to establish a special charter for non-bank fintech companies to access a nationwide financial system for lending services without worrying about being licensed to do so in all 50 states.

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TikTok’s ByteDance Bids For Singapore Banking Licence

PYMNTS

The owner of TikTok , the Chinese video sharing social network, is expanding into financial services with the family that owns OCBC Bank , the global financial services corporation headquartered in Singapore. ByteDance is negotiating with the Lee business family, as the technology group seeks to add banking to its portfolio, sources told the Financial Times (FT).

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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Ecommerce during pandemic and why reconciliation matters

Bobsguide

As the pandemic spread, so did a joke – across social media: Who drives the digital transformation efforts in your company? CEO CTO CIO COVID-19. It’s funny because it rings true. Businesses around the world saw themselves amid an unprecedented situation as the pandemic.

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Dr. Annamaria Lusardi: FinTech Is Great, But No Substitute For Teaching Kids Financial Literacy

PYMNTS

Everyone in a modern society needs to know how to read, so America spends an awful lot of time, treasure and talent developing literacy curricula for kids. We take a similar attitude when it comes basic math and science — but when it comes to financial literacy, only 21 states require financial education, Dr. Annamaria Lusardi recently told Karen Webster.

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American Express gets a break in China, but geopolitical pressure remains

Payments Source

Given American Express was reporting a 95% hit to one of its core businesses less than two months ago, announcing access to the world’s largest digital payments market has to be a major sigh of relief — even if there’s still entrenched competitors, an international virus and a cold war to navigate.

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Airlines Are Using Frequent-Flyer Programs As Collateral For Loans To Stay Alive

PYMNTS

In times of crisis, we mortgage what we have to get to where we need to be. The pandemic has seen a flurry of capital raising as firms across all verticals have sought to shore up their balance sheets. By getting cash on the books, there’s the chance to keep going — to continue operating and pay expenses until the horizon is a bit clearer. Along the way, pledging assets that aren’t in use now can be an effective strategy.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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The digital revolution won't be enough to supplant payments' network effect

Payments Source

Digital technology and the coronavirus recovery will dramatically alter payments in the year ahead, but the scale and benefits of networks will survive, contends Intrepid Ventures' Eric Grover.

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How Digital-First Banking Gets SMBs On The Road To Recovery

PYMNTS

Supply chain disruptions and economic volatility have elevated risk exposure for many enterprises, but for small- to medium-sized businesses (SMBs) operating globally, that risk of exposure can be catastrophic. Indeed, for some SMBs, it already has, with economists anticipating a wave of bankruptcies and permanent SMB closures ahead. B2B FinTechs continue to step up to introduce new solutions for their customers with an eye on helping business owners survive this market crisis and persevere into

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Systemic racism and the digital equality opportunity

Matt Wilcox Pro

As I write, demonstrations continue around the country and show no signs of slowing. They have been for the most part peaceful and appear united in taking on systemic racism. I realize that some people take exception to the term systemic racism. I find it apt, but my goal today is not to argue terminology.

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Why Digital’s 3.0 Shift May Take Longer Than We Think

PYMNTS

There is an out-and-out frenzy to capitalize on the pandemic-fueled digital shift that gave consumers few options for accessing products and services over the last twelve weeks. Miss this shift and miss it now, and pundits say it probably won’t be long before you’re just another piece of roadkill on the highway of companies who couldn’t adjust with the times and changing consumer and business demand.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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BMO Harris expands True Name, revamps customer conversations   

BankInovation

BMO Harris has rolled out new features and employee training to accommodate the bank’s transgender and nonbinary customers. “We introduced some training around the kinds of holistic conversations to have with our customers,” said Denise Press, head of retail and small business payments at BMO Harris. “It becomes part of the natural conversation to make […].

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Tailored Brands Might Seek Bankruptcy Due To Pandemic

PYMNTS

Men’s Wearhouse owner Tailored Brands might be the next significant retail company in the United States to make a bankruptcy filing as the COVID-19 crisis unfolds. Tailored — also the owner of K&G and Jos. A. Bank — included the potential for bankruptcy, or even the closing of operations, in a recent filing, CNN reported. The filing reportedly said: “If the effects of the Covid-19 pandemic are protracted and we are unable to increase liquidity and/or effectively address our debt position, we

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Even if cash isn't contagious, contactless is safe and secure

Payments Source

Even though some organizations are now saying they don’t believe cash is a major culprit behind the spread of COVID-19, those taking extra precautions can rest assured they can continue to use contactless payments, while benefiting from the added fraud protection it presents, says FICO's TJ Horan.

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Sam’s Club On Bringing The Digital Shift To Warehouse Stores

PYMNTS

The supermarket has become a vital institution in recent months as it is one of the few types of businesses deemed essential and allowed to stay open through the thick of the pandemic. This has meant that store operators have had to rapidly implement health and safety rules to minimize transmission risks among workers and customers — especially the most vulnerable.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

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Two Local Leaders Named to Merchants Bank Advisory Board for Cannon Falls, Hampton and Red Wing

MerhantsBanks

Mark Poss and Brenda Stelter have been named to the Merchants Bank Advisory Board for Cannon Falls, Hampton and Red Wing, according to Dan Massett, Regional President. “Our local Advisory Board members are instrumental in guiding our branches in Cannon Falls, Hampton and Red Wing. I am looking forward to the experience and insights Mark […].

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Wirecard Teams With Payhawk For Corporate Expense Card Rollout

PYMNTS

To offer businesses a simple way for supervising expenditures, digital financial technology firm Wirecard is teaming with Payhawk to roll out a new Visa card, according to an announcement. Wirecard said Payhawk will receive the reward of its “tailor-made corporate expense card solution,” which comes with card infrastructure in addition to its payment space knowledge, the announcement states.

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AI to Transform Global Banking, Execs Say

Banking Exchange

Three quarters of banking executives believe adoption of new technologies will differentiate between the industry’s winners and losers Technology Tech Management Outsourcing/Cloud Feature3 Financial Research Feature Compliance Risk Management Covid19.

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PayPal: The Pandemic’s Digital Shift And Retail’s ‘Super Bowl’

PYMNTS

The pandemic didn’t create the great shift to digital spending that has been observed over the last 12 weeks, despite the fact that it is often awarded much of the credit. A fairer assessment of the situation, PayPal ’s Vice President and General Manager of North America and Australia Marcy Campbell told Karen Webster in a recent conversation, is that the pandemic has tremendously accelerated a shift away from physical purchasing and toward digital transactions that was already underway.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.